Federal · Title 11 — Bankruptcy
11 U.S.C. § 781: Definitions
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The term “Board” means the Board of Governors of the Federal Reserve System. The term “depository institution” has the same meaning as in section 3 of the Federal Deposit Insurance Act. The term “clearing bank” means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 1 of the Federal Deposit Insurance Corporation Improvement Act of 1991. 1 See References in Text note below.
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